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Nasdaq · Technology

Meta Platforms, Inc. (META)

As-reported financials and recent SEC filings for Meta Platforms, Inc., latest fiscal period FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Meta Platforms, Inc.

Meta Platforms, Inc. develops technology products that enable people to connect, share, and build communities through mobile devices, personal computers, virtual reality headsets, and AI glasses. Its main offerings include social media apps like Facebook, Instagram, Messenger, Threads, and WhatsApp, as well as virtual reality devices such as Meta Quest and AI-powered wearables like Meta AI glasses. Meta serves individual users, creators, businesses, and advertisers worldwide by providing platforms for communication, content sharing, and digital advertising.

Snapshot

Revenue
$200.97B
Revenue growth (YoY)
22.2%
Net income
$60.46B
Diluted EPS
$23.49
Gross margin
82.0%
Operating margin
41.4%
Net margin
30.1%
FCF margin
22.9%
ROE
27.8%
P/E (TTM)
21.6×
Market cap
$1.51T
Debt / equity
0.3×

Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (typically within the past week).

What changed at Meta Platforms

  • Revenue grew 22.2% to $201.0B in FY2025, in line with the 21.9% the year before.
  • Operating margin is 41.4% in FY2025, +1.8 pp against 39.6% in FY2021.
  • Most recent quarter Q1 FY2026: revenue $56.3B, up 33.1% from Q1 FY2025.
  • Free cash flow was $46.1B in FY2025, 22.9% of revenue.
  • Net income fell 3.1% to $60.5B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Meta Platforms’s fundamentals sit among the 330 software companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin82.0%
89th percentile of 262
Operating margin41.4%
97th percentile of 302
Net margin30.1%
91st percentile of 306
FCF margin22.9%
71st percentile of 283
Revenue growth (YoY)+22.2%
77th percentile of 323
ROE27.8%
85th percentile of 283
P/E (TTM)21.6×
47th percentile of 172
Debt / equity0.27×
38th percentile of 126
Short interest1.61d
15th percentile of 329

Meta Platforms’s operating margin of 41.4% ranks in the 97th percentile of the 302 software companies reporting it. Meta Platforms’s net margin of 30.1% ranks in the 91st percentile of the 306 software companies reporting it. Meta Platforms’s gross margin of 82.0% ranks in the 89th percentile of the 262 software companies reporting it.

No open-market insider buys in the last 90 days; 70 insider sales totaling $24.8M. For context, about 16% of companies in the universe saw any open-market insider buying in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 23 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).

Conviction investors
23
+7 quant / multi-strat
Initiated / added
18
5 new, 13 added
Reduced / exited
11
10 trimmed, 1 exited
Combined position
$19.70B
reported long value
InvestorAs ofPosition valueSharesChange
Dodge & CoxQ1 2026$2.87B5.0MReduced
First Eagle Investment ManagementQ1 2026$1.83B3.2MAdded
Tiger Global ManagementQ1 2026$1.77B3.1MAdded
Coatue ManagementQ1 2026$1.61B2.8MReduced
Pershing Square Capital ManagementQ1 2026$1.52B2.7MReduced
Millennium ManagementquantQ1 2026$1.15B2.0MAdded
Altimeter Capital ManagementQ1 2026$1.12B2.0MAdded
D. E. ShawquantQ1 2026$1.08B1.9MAdded
Citadel AdvisorsquantQ1 2026$1.05B1.8MAdded
AQR Capital ManagementquantQ1 2026$1.04B1.9MReduced
Sands Capital ManagementQ1 2026$731.8M1.3MAdded
Viking Global InvestorsQ1 2026$607.9M1.1MNew
ValueAct CapitalQ1 2026$523.9M915.7KReduced
Point72 Asset ManagementquantQ1 2026$519.6M908.3KAdded
Two Sigma InvestmentsquantQ1 2026$448.1M783.2KAdded
Whale Rock Capital ManagementQ1 2026$293.3M512.6KAdded
Polen Capital ManagementQ1 2026$272.7M476.7KNew
AppaloosaQ1 2026$249.7M436.5KReduced
Giverny CapitalQ1 2026$176.1M307.8KReduced
Bridgewater AssociatesQ1 2026$166.9M291.7KAdded
Renaissance TechnologiesquantQ1 2026$145.0M253.4KNew
Markel GroupQ1 2026$142.1M248.3KHeld
Ruane Cunniff (Sequoia)Q1 2026$115.1M201.1KReduced
ARK Investment ManagementQ1 2026$88.1M154.0KReduced
Gotham Asset ManagementQ1 2026$80.8M141.2KAdded
Third PointQ1 2026$51.5M90.0KNew
Wedgewood PartnersQ1 2026$37.6M65.8KReduced
Soros Fund ManagementQ1 2026$19.8M34.6KNew
Harris Associates (Oakmark)Q1 2026$2.6M4.5KAdded
Corvex ManagementQ1 2026$1.4M2.4KHeld

No longer held by: Hound Partners (as of Q1 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
open-market
Bought (90d)
open-market value
Sells (90d)
70
$24.8M
Signal
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-07-20
filed 2026-07-22
Olivan JavierChief Operating OfficerSell837$645.85$541K
2026-07-20
filed 2026-07-22
Olivan JavierChief Operating OfficerSell408$645.85$264K
2026-07-20
filed 2026-07-22
Olivan JavierChief Operating OfficerSell82$645.85$53K
2026-07-20
filed 2026-07-22
Olivan JavierChief Operating OfficerSell82$645.85$53K
2026-07-20
filed 2026-07-22
Olivan JavierChief Operating OfficerSell57$645.85$37K
2026-07-13
filed 2026-07-15
Olivan JavierChief Operating OfficerSell1.5K$660.98$1.0M
2026-07-13
filed 2026-07-15
Olivan JavierChief Operating OfficerSell408$661.13$270K
2026-07-13
filed 2026-07-15
Olivan JavierChief Operating OfficerSell82$661.13$54K
2026-07-13
filed 2026-07-15
Olivan JavierChief Operating OfficerSell82$661.13$54K
2026-07-13
filed 2026-07-15
Olivan JavierChief Operating OfficerSell57$661.13$38K
2026-07-06
filed 2026-07-08
Olivan JavierChief Operating OfficerSell2.1K$600.40$1.2M
2026-07-06
filed 2026-07-08
Olivan JavierChief Operating OfficerSell816$601.45$491K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
37.8M
settled 2026-07-15
Change vs prior
+9.7%
vs previous settlement
Days to cover
1.61
at avg daily volume
Avg daily volume
23.6M
FINRA reported
SettlementShares shortChangeDays to cover
2026-07-1537.8M+9.7%1.61
2026-06-3034.5M+15.0%2.02
2026-06-1530.0M-7.1%1.48
2026-05-2932.3M+0.4%2.19
2026-05-1532.1M+10.9%2.14
2026-04-3029.0M+9.5%1.83
2026-04-1526.5M+0.3%1.64
2026-03-3126.4M+8.5%1.39

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$200.97B$164.50B$134.90B$116.61B$117.93B
Gross profit$164.79B$134.34B$108.94B$91.36B$95.28B
Operating income$83.28B$69.38B$46.75B$28.94B$46.75B
Net income$60.46B$62.36B$39.10B$23.20B$39.37B
Diluted EPS$23.49$23.86$14.87$8.59$13.77

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$115.80B$91.33B$71.11B$50.48B$57.68B
Capital expenditure$69.69B$37.26B$27.05B$31.19B$18.69B
Free cash flow$46.11B$54.07B$44.07B$19.29B$38.99B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2026$56.31B33.1%$26.77B$10.44
Q4 FY2025$59.89B23.8%$22.77B$8.89
Q3 FY2025$51.24B26.2%$2.71B$1.05
Q2 FY2025$47.52B21.6%$18.34B$7.14
Q1 FY2025$42.31B16.1%$16.64B$6.43
Q4 FY2024$48.38B20.6%$20.84B$7.98
Q3 FY2024$40.59B18.9%$15.69B$6.03
Q2 FY2024$39.07B22.1%$13.46B$5.16

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorTechnology
SIC industryServices-Computer Programming, Data Processing, Etc.
Fiscal year endDecember 31
Latest fiscal periodFY2025
SEC filings since2024
SEC CIK1326801

Recent SEC filings

10-K2026-01-29
View on EDGAR →
10-K2025-01-30
View on EDGAR →
10-Q2026-04-30
View on EDGAR →
10-Q2025-10-30
View on EDGAR →
10-Q2025-07-31
View on EDGAR →
10-Q2025-05-01
View on EDGAR →
8-K2026-05-29
View on EDGAR →
8-K2026-05-04
View on EDGAR →

Largest software peers

All software stocksAll Technology companies →

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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.